Cheap Homes for Rent in Lakewood Neighborhood of New Orleans, LA from $500 (20 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lakewood area of New Orleans.

property at 213 Rosebud St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

213 Rosebud St

MetairieLA70005
property at 213 Rosebud St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 Rosebud St, Unit F

213 Rosebud St
MetairieLA70005
property at 622 Hagan Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

1 Bedroom, 1 Bath Home for Rent

Available Now

622 Hagan Ave

New OrleansLA70119

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 209 N Bernadotte St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available Now

209 N Bernadotte St

New OrleansLA70119
property at 844 1/2 Roosevelt Pl

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Now

844 1/2 Roosevelt Place Unit

844 1/2 Roosevelt Pl
New OrleansLA70119

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 2732 Whitney Pl

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

2732 Whitney Pl, Unit 209

2732 Whitney Pl
MetairieLA70002
property at 301 Seattle St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

301 Seattle St, Unit 15

301 Seattle St
New OrleansLA70124

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Lakewood, New Orleans, LA Local Guide

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in the Lakewood area of New Orleans, LA is a 2 Beds unit found at Marquis priced from $726. Lake Villa has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Lakewood apartments for rent in New Orleans, LA:

Apartment ListingModel NameBed/BathPriced From
MarquisB22BR,2BA$726
Lake VillaStudioStudio,1BA$765
6564 Fleur De Lis Dr1 Bed / 1 Bath1BR,1BA$1,000
Magnolia Ridge ApartmentsA11BR,1BA$1,065
St. MichaelStudioStudio,1BA$1,079

Best Value Apartments for Rent in Lakewood, LA

As of May 27, 2026 the best value apartment in the Lakewood area is the $1.08 price per square foot 700 Florida Blvd Model at 700 Florida Blvd, Unit 700 Florida Blvd. in the in the City Park neighborhood starting from $2,000. The second greatest value Lakewood apartment is the 8329 Pritchard Pl Model at 8329 Pritchard Pl, Unit Unit B starting at $1,600 with a $1.00 price per square foot in the West Carrollton neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
700 Florida Blvd, Unit 700 Florida Blvd.700 Florida Blvd3BR,2.5BA$1.08
8329 Pritchard Pl, Unit Unit B8329 Pritchard Pl1BR,1.5BA$1.00
Wilshire Heights3 Bedrooms, 2 Baths3BR,2BA$1.09
8537 Forshey St, Unit 85398537 Forshey St3BR,2BA$1.20
4151 Canal St, Unit 14151 Canal St3BR,1BA$1.50
Daytona3 Bedrooms, 2 Baths3BR,2BA$1.29
502 Passera Ct, Unit 502 Passera Court502 Passera Ct1BR,1BA$1.50
Lakewood2 Bedrooms w/Den, 1.5 Baths2BR,1.5BA$1.33
Blue Plate Artist LoftsOne Bedroom Loft1BR,1BA$1.38
5547 Woodlawn Pl5547 Woodlawn Pl2BR,2BA$1.51

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Lakewood, New Orleans, LA

Ranked #25

Among cities in Louisiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Lakewood

What type of rentals are currently available in Lakewood?

There are currently 263 Apartments for Rent in Lakewood, LA with pricing that ranges from $765 to $9,478. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $595 to $3,200.

What is the current price range for Rental Homes in Lakewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $595 to $3,200 with an average monthly rent of $1,569.

How much are larger Three and Four Bedroom Rentals in Lakewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakewood range from $1,250 to $2,670, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $3,100. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,545.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans article

A Local Expert’s Top Budget-Friendly Neighborhoods to Rent in New Orleans

Written by: Melissa Maxwell

New Orleans is known as The Big Easy, but it's not always easy on the wallet! It's a city built around attracting tourists, so naturally everything is going to be on the pricey side.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.